daytrading july 24 morning, page-74

Freehold, re GOA convertible notes...

Up to $7.6 Million Funding
Gold Anomaly Limited (“the Company”) has secured funding from Bergen Global Opportunity Fund, LP (“Bergen”), a US-based institutional investor managed by Bergen Asset Management, LLC (“Bergen Asset Management”), under a Convertible Security Agreement executed today (“the Agreement”). Under the Agreement Bergen will invest up to $7.6 million in the Company with the funding to be used for progressing the Company’s project exploration and for working capital generally.
Bergen Asset Management is a New York-based asset management company that invests in high growth public and private companies around the world with a particular emphasis on the mature markets in Asia-Pacific. Bergen is actively putting its balance sheet to work in funding Australian and international projects operated by public Australian companies.
Subject to the Company meeting certain conditions precedent Bergen will invest the funds under the Agreement in four lump sum payments as follows:
1. the first tranche of $1,600,000 will be invested upon execution of the Agreement;
2. the second tranche of between $1,500,000 and $2,000,000 will be invested approximately 90 days after the date of investment of the first tranche;
3. the third tranche of $1,000,000 to $2,000,000 will be invested approximately 90 days after the date of investment of the second tranche; and
4. the fourth tranche of $1,000,000 to $2,000,000 will be invested approximately 90 days after the date of investment of the third tranche.